Can you imagine the conversation at Creek Mountain
Post# of 36566
(Total Views: 268)
Posted On: 11/26/2019 5:52:29 PM
Can you imagine the conversation at Creek Mountain regarding this? They KNOW it's against the agreement they've signed, but they do it anyway. Why? Because they know 1) it probably won't get discovered or 2) if it does get discovered, GNBT will probably not do anything about it or 3) if GNBT does find out, the penalty will be less that what they've made from the share sales. What a load of scumbags. And I'm certain they are just a small percentage of the scumbags working on or around the OTC.
Broadridge has some 'splainin' to do as well. If it's found that they were conspirators to the breach, then they would be liable for any resolution that occurs as well. Of course, that assumes somebody like the SEC even steps in, which in my mind is still probably only a 50/50 proposition.
Quantum Rocks has it right - if GNBT cannot get restitution (including revaluing the shares to what they were prior to CM's breach), then a lawsuit should be considered. I'm going to record purchases (I don't have any sales), dates, and pps action during those times, along with a list of announcements that GNBT made that "should" have bolstered the price. I recommend everybody here do the same thing - better to have it recorded now than to try to recreate it in a couple of years, which will be the soonest any legal action would likely take place.
Let me repeat - what scumbags.
Broadridge has some 'splainin' to do as well. If it's found that they were conspirators to the breach, then they would be liable for any resolution that occurs as well. Of course, that assumes somebody like the SEC even steps in, which in my mind is still probably only a 50/50 proposition.
Quantum Rocks has it right - if GNBT cannot get restitution (including revaluing the shares to what they were prior to CM's breach), then a lawsuit should be considered. I'm going to record purchases (I don't have any sales), dates, and pps action during those times, along with a list of announcements that GNBT made that "should" have bolstered the price. I recommend everybody here do the same thing - better to have it recorded now than to try to recreate it in a couple of years, which will be the soonest any legal action would likely take place.
Let me repeat - what scumbags.
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